Midday movers: Coinbase, Tesla, AMC Entertainment and more
Investing.com -- Stocks were mixed, with the Dow Jones Industrial Average falling more than 250 points even after Congress struck a last-minute deal to avert a government shutdown. Jobs data are the focus this week.
Here are the stocks making moves on Monday.
Coinbase's (NASDAQ:COIN) shares rose 1% after the cryptocurrency exchange announced that its Singapore arm had obtained a license to offer digital payment token services to individuals and institutions in the city-state. Tesla Inc (NASDAQ:TSLA) shares rose 0.1% after the electric vehicle maker reported third quarter deliveries that were below expectations. Upgrades to its factories slowed some of the output, which analysts said could be pushed into the fourth quarter. AMC Entertainment (NYSE:AMC) shares edged lower 0.3% after the cinema chain announced that one of its units is set to distribute a movie based on U.S. pop star Beyonce's "Renaissance World Tour" later this year. Shares in crypto-related companies such as Riot Platforms (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA) rose 8.3% and 3.5%, respectively, after a surge in Bitcoin's price to near two-month highs. SmileDirectClub (NASDAQ:SDC) shares plummeted 61% after the dental aligner manufacturer filed for Chapter 11 bankruptcy. Sphere Entertainment (NYSE:SPHR) stock climbed 14% following the opening weekend of its Sphere entertainment venue in Las Vegas, which featured a series of concerts from the rock band U2.
SolarEdge Technologies (NASDAQ:SEDG) stock slipped 5.2% after analysts at Barclays lowered their rating of the solar inverter maker to equal weight from overweight.
Nvidia (NASDAQ:NVDA) shares rose 2.7% after Goldman Sachs placed the chipmaker and artificial intelligence-darling on its Americas conviction list.
Rivian (NASDAQ:RIVN) shares fell 0.2% after the electric vehicle startup maintained its annual forecast for 52,000 deliveries, missing Bloomberg consensus estimates of 53,654.
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